Major investments and divestments
On this page we have collected the releases of Fortum's major investments and divestments. The releases of all transactions are available in our Newsroom.
Major investments
Uniper
Fortum sold its ownership in Uniper SE to the German State on 21 December 2022. Fortum’s representatives have resigned from the Uniper Supervisory Board. All releases regarding Uniper are available on this link.
4 February 2022 Fortum has won the right to build 600 MW solar capacity in India
18 January 2022 Fortum initiates wind power cooperation in Russia with Bank GPB
22 December 2021 Fortum and Uniper Wind&Solar team launches its first project − Pjelax-Böle and Kristinestad Norr wind parks to be built in cooperation with Helen
2 March 2021 Fortum and RDIF to build the largest solar power plant in Russia
31 December 2020 Fortum diversifies its wind power cooperation in Russia
27 April 2017 Fortum and Rusnano establish investment partnership to create possibility to capture CSA wind opportunity in Russia
Restructuring of the ownership in Hafslund
- 26 April 2017 Fortum and City of Oslo restructure ownership in Hafslund and announce partnership for a greener Oslo
- 15 June 2017 Oslo City Council approves Hafslund ownership restructuring between Fortum and the City of Oslo
- 04 August 2017 Fortum’s restructuring of Hafslund concluded
05 January 2017 Fortum finalised the acquisition of wind power projects from Nordkraft
21 December 2016 Fortum continues its investments in circular economy by acquiring Turebergs Recycling AB in Sweden
Ekokem investment
- 13 May 2016 Fortum has made an indicative, non-binding offer to acquire Ekokem
- 27 May 2016 Fortum to acquire Ekokem, a Nordic circular economy company
- 31 August 2016 Fortum’s acquisition of Ekokem finalised
- 03 April 2017 Ekokem is now Fortum
Duon investment
- 08 January 2016 Fortum makes a public tender offer for the electricity and gas sales company Duon in Poland
- 25 February 2016 Fortum secures at least 51% of shares in the electricity and gas sales company Grupa DUON S.A. in Poland
- 02 March 2016 Fortum received subscriptions representing 93.35% of the share capital in the tender offer of Grupa DUON S.A. in Poland
- 07 March 2016 Fortum completes acquisition of the Polish gas and electricity sales company Grupa DUON S.A.
- 08 April 2016 Fortum has obtained 100% of shares in the electricity and gas sales company Grupa DUON S.A. in Poland
TGC-10
- 28 February 2008 Fortum participated in share auction of Russian TGC-10
- 29 February 2008 Fortum to acquire controlling stake in Russian TGC-10
- 29 February 2008 Supplement to Fortum's stock exchange release earlier today: Key financials of Russian TGC-10
- 14 March 2008 Fortum's share in Russian TGC-10 approximately 76%
- 28 April 2008 Terms and conditions of Fortum's mandatory offer to the minority shareholders of Russian TGC-10 published
- 22 July 2008 Fortum's mandatory public tender offer to TGC-10 minorities has ended
- 15 October 2008 Final results of Fortum's MTO to TGC-10 minorities available end of October
- 22 October 2008 Fortum's Russian subsidiary TGC-10 de-listed from the MICEX
- 27 November 2008 Fortum's Russian subsidiary TGC-10 to be de-listed from the RTS
Major divestments
Deconsolidation of Russian assets
Information and releases on the deconsolidation of Fortum's Russian assets are gathered here
Uniper
Fortum concluded the sale of its ownership in Uniper SE to the German State on 21 December 2022. Fortum’s representatives have resigned from the Uniper Supervisory Board. All releases regarding Uniper are available on this link.
Fortum Oslo Varme
- 22 March 2022 Fortum to sell its 50% ownership in Fortum Oslo Varme AS to a Norwegian investor consortium for approximately EUR 1 billion
- 19 May 2022 Fortum concludes the sale of its 50 % stake in Fortum Oslo Varme AS
22 June 2021 Fortum to divest 500 MW of solar power plants in India – agreement with Actis for solar investments
Stockholm Exergi
- 31 July 2020 Fortum considers strategic options for its ownership in Stockholm Exergi
- 30 June 2021 Fortum to sell its 50% ownership in Stockholm Exergi to an investor consortium led by APG for approximately EUR 2.9 billion
- 20 September 2021 Fortum concludes the sale of its 50% stake in Stockholm Exergi
21 December 2020 Fortum streamlines its Swedish hydropower operations
Strategic options for Fortum's district heating business
- 25 June 2019 Fortum considers possible strategic options for its district heating businesses in Joensuu, Finland and in Pärnu and Tartu, Estonia
- 20 December 2019 Fortum to sell its district heating business in Joensuu, Finland for approximately EUR 530 million
- 10 January 2020 Fortum concludes the sale of its district heating business in Joensuu, Finland
- 3 July 2020 Fortum to sell its district heating business in Järvenpää, Finland for approximately EUR 375 million
- 19 August 2020 Fortum concludes the sale of its district heating business in Järvenpää, Finland
- 12 March 2021 Fortum to sell its district heating business in the Baltics for EUR 800 million
- 2 July 2021 Fortum concludes the sale of its district heating business in the Baltics
20 December 2019 Fortum expands the shareholder base of its Nordic wind portfolio
13 June 2018 Fortum to sell its 10% ownership in Hafslund Produksjon to Svartisen
Sale of the electricity distribution business
- 31 January 2013 Fortum assesses its strategic position in the electricity distribution business
- 12 December 2013 Fortum completes strategic assessment of its electricity distribution business
- 12 December 2013 Fortum sells its electricity distribution business in Finland to Suomi Power Networks
- 24 March 2014 Fortum completes divestment of its Finnish electricity distribution business
- 09 April 2014 Fortum sells its Norwegian electricity distribution and heat businesses
- 30 May 2014 Fortum completes divestment of its Norwegian electricity distribution business
- 07 October 2014 Fortum continues the evaluation of the opportunities to divest its Swedish electricity distribution business
- 13 March 2015 Fortum concludes the divestment of its electricity distribution business by selling the Swedish business for approx. EUR 6.6 billion
- 15 April 2015 IFRS 5 restatement of Fortum's income statement and cash flow for 2014 – Distribution segment treated as discontinued operations
- 01 June 2015 Fortum completes divestment of its Swedish electricity distribution business
Gasum divestment
- 03 November 2014 Fortum to sell its Gasum shares to the Finnish State
- 03 November 2014 Fortum's Gasum divestment completed
02 October 2014 Fortum sells its Grangemouth power plant in the UK to INEOS
Sale of Fingrid shares
- 26 January 2011 Fortum, the Finnish State and Ilmarinen into preliminary agreement over the sale of Fortum's Fingrid shares
- 19 April 2011 Fortum, the Finnish State and Ilmarinen into a final agreement over sale of Fingrid shares
Heat operations outside Stockholm
- 12 December 2010 Fortum to divest heat operations outside Stockholm in Sweden
- 31 December 2011 Fortum's divestment of heat operations outside Stockholm in Sweden completed